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Companies›Consumer Discretionary›Media Entertainment & Publication›Entertainment
NSE:SAREGAMA

SAREGAMA INDIA LIMITED

Media Entertainment & Publication › Entertainment·NIFTY MICROCAP 250NIFTY SMALLCAP 500NIFTY TOTAL MARKETNIFTY MEDIA
₹511.80
at close · 27 Oct 2026
▲ 19.00 (+3.86%)

Latest filings

Next results: Wed, 4 Nov · Financial Results
  1. Saregama schedules Q2 FY27 analyst and investor conference call · Board & Shareholder Meetings
  2. Board Meeting on 4 Nov 2026 to consider Q2 FY26 results · Board & Shareholder Meetings
  3. Routine compliance certificate for Q2 FY27 dematerialisation activities · Compliance
All filings ↓
Ask Nexa about SAREGAMA INDIA LIMITED

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Owns and licenses a music catalogue of over 1,80,000 songs and produces new film and non-film music, earning revenue from streaming platforms, radio, films, and advertising. The Music segment contributed 82.9% of segment revenue (₹679.96 crore) at a 54.0% EBIT margin in FY26; management groups music licensing, artist management (300+ artists, 400 Mn+ digital followers) and music retail under this vertical, which totalled ₹814 crore in FY26 at 22% YoY EBITDA growth. The Video segment (10.9% of segment revenue, ₹89.59 crore) runs through subsidiary Pocket Aces Pictures (95.76% holding, FY25-26 turnover ₹142.18 crore), which operates digital brands Filter Copy, Dice Media, Nutshell and Gobble; Pocket Aces reached breakeven in FY26. The Events segment (6.2%, ₹51.09 crore) ran an EBIT loss and includes the newly launched UN40 music festival (12,000 footfalls, 8 sponsors in season 1). A strategic investment in Bhansali Productions secures Hindi film music rights for 24-30 months, and the company guides ₹300-350 crore of new content spend in FY27. Costs are dominated by other operating expenses (54.7% of revenue) and employee costs (11.1%); capital expenditure was 21.7% of revenue.

Revenue mix · reported segments
Music82.9%
Video10.9%
Events6.2%
Operating scale
Owned music catalogue
1,80,000+ songsFY26
New music market share
25-30% of new Indian music releasesFY26
Artists under management
300+ artists with 400 Mn+ follower/subscriber baseFY26
Pocket Aces subsidiary turnover
₹142.18 crore (FY25-26)FY26
UN40 festival Season 1
12,000 footfalls, 8 sponsorsFY26
FY27 new content budget
₹300-350 croreFY27
Who pays it
Streaming platforms (Spotify, YouTube, etc.), radio stations, film producers, advertisers, retail consumers of physical/digital music, and audiences for live events
Biggest cost
Other operating expenses (54.7% of revenue), largely content acquisition and production, followed by employee costs at 11.1%
Kind of business
Asset-light, content-driven media business with a long-tail music catalogue and growing digital/live verticals
Where it sits
Targets 25-30% of new Indian music releases on a pan-India basis; operates in a market with <3% paid streaming penetration versus 67% in Sweden, where every 1 percentage point of penetration is estimated to add 14 Mn subscribers
Market Cap
₹9,868 Cr
P / E (TTM)
44.5×
EV / EBITDA
24.8×
Div Yield
0.88%
Growth
17.4%▲
Revenue 5y CAGR
PAT +12.7% · EBITDA +18.2%
Quality
16.0%▲
ROCE (5y median)
ROE 12.9% (5y median) · margin 37.7%
Leverage
0.04·
Debt / Equity · low
Net debt ₹42 Cr
Revenue FY21→FY26
2.2×▲
Margin −4.7 pts
₹442 Cr → ₹985 Cr
Cash conversion
0.75×·
Operating cash ÷ profit · 5 yrs
₹712 Cr on ₹946 Cr
Moves on a normal day
1.42%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 12 Media & Entertainment peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#5/5
P/B#10/11
ROCE#3/12
ROE#2/11
Debt / Equity#8/11
EBITDA margin#4/13
Revenue growth#3/11
Profit growth#7/12

Scorecard

Measured from the filed financials, judged against its Media & Entertainment peers · as of FY26 — not investment advice

Strengths
Revenue compounding 17% a year over 5 years
Profit compounding 13% a year over 5 years
Profit grew in every one of the last 5 years
Returns on capital 16.0% (5-year median)
#3 of 12 in Media & Entertainment on the latest reported figures · down from 27.5% in FY21
Pays out 42% of profit as dividend
Concerns
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

SAREGAMA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from SAREGAMA INDIA LIMITED's filed financials and exchange disclosures

What does SAREGAMA INDIA LIMITED do?

SAREGAMA INDIA LIMITED is a Entertainment company listed on NSE and BSE, trading under the symbol SAREGAMA.

Is SAREGAMA INDIA LIMITED profitable?

Yes. Over the trailing twelve months SAREGAMA INDIA LIMITED reported a net profit of ₹221 Cr on revenue of ₹1,041 Cr.

Does SAREGAMA INDIA LIMITED pay a dividend?

Yes. The dividend yield is 0.88% at the current price. It paid out 42% of its profit as dividend in FY26.

Is SAREGAMA INDIA LIMITED debt-free?

No. It reported borrowings of ₹70 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹42 Cr after cash. Debt stands at 0.04× equity. That is higher than 70% of its 11 Media & Entertainment peers.

Is SAREGAMA INDIA LIMITED expensive compared with its peers?

On trailing P/E, SAREGAMA INDIA LIMITED ranks 5 of 5 in Media & Entertainment — cheaper than 0% of them, against an industry median of 23.0×. This is a position, not a valuation judgement.

How much does the SAREGAMA INDIA LIMITED share price move in a day?

On a typical session SAREGAMA INDIA LIMITED moves 1.42% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are SAREGAMA INDIA LIMITED's next results?

Financial Results on Wed, 4 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track SAREGAMA INDIA LIMITED's announcements?

Every NSE and BSE filing by SAREGAMA INDIA LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.